UK Treasury drawing up new rules to police cryptocurrency markets

Published 23 hours ago
Source: theguardian.com
UK Treasury drawing up new rules to police cryptocurrency markets

Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’

Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027.

The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA).

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CryptocurrenciesFinancial Conduct AuthorityBitcoinBusinessRegulatorsRachel ReevesPoliticsNigel FarageReform UKUK news